PayThink

Let's pay people what we think they're worth. Cut the management incentive travesty. Today's incentives cover a disguised escalation of what is essentially fixed pay.

Camden Fine's BankThink article, "Michaels Breach is Warning on the Durbin Amendment" misses the point. Independent analysts have found that U.S. banks are not doing enough to protect against fraud because their ability to transfer so much of those costs onto merchants doesn't leave them with the right incentives.

Re: "Four Big Myths About the CFPB and Its Powers," June 2. If anything (unfortunately) your excellent article merely confirms the enormous power of the CFPB and the head of the Agency. You are assuming that the rule making going on will be benign in all instances and that Congress will be able to exercise some degree of control over the thousands of pages of rule making and that "public comment" will curtail any attemmpt by the CFPB in its rule making, to institute draconian and destructive regulations with regard to financial entities serving the public.

A brand study found that consumers would pay up to 4% more for financial products and services if they were simpler and more streamlined.

There are a myriad of marketing strategies a marketer could leverage to get the elusive Gen Y demographic to take the bait. But which one works? Well, the answer just might be right under your nose: your staff.

The government's GoDirect campaign will, no doubt, serve as a model to credit unions for receiving deposits of benefit payments from other federal programs.

Contrary to the ongoing and repeated negative sentiment about the banking industry, real banking is still a profession in which the best and the smartest can make a difference in their communities and in their country.

Groucho Marx once declared that he would never belong to a club that included him as a member. When it comes to the "qualifying residential mortgage" exception, I feel the opposite way: if I can't be a member, then the exception shouldn't exist.

Of the many reasons for dire predictions about community banks, one is receiving less attention than it deserves: Operating revenue has been declining for more than a decade.

The examination climate is the harshest in generations, and now something like this is piled on — and policy makers wonder why community banks are hunkered down?